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the current political environment. >> i think basically now, gwen, there are three sticking points. one is the amount of revenue and the sources of revenue. the second is the amount of spending cuts and how much of that will come from the entitlement programs particularly health. the last sticking point is what do we do aut this debt lit that we've come up against all the time that puts our credit in danger. >> ifill: the president has said the debt limit should be, at least in his opening statement, that the debt limit debate should be set aside and that nothing can be done unless the taxes are cut... are raised for the wealthy. is that part of a solution that you can see working for what it is everybody is trying to get to here? >> look, gwen, i'm not a bit worried that it appears on the surface that secretary geithner ton the speaker didn ke any progress last week. that's just a theater you go through. geithner made his first offer. the republicans rejected it. no surprise. i'm sure that this offer that the speaker has made today, the democrats will reject. they're going to have to g
's hard to earn an extra buck in that environment. you're seeing citi, in fact, address those concerns in the layoff announcement today. >> ifill: what does that tell bus the health of the banking sector and whether other big banking institution might be following suit? >> citigroup is not as mump an indicator species as i think people would want it to be. 15 years ago, it was the financial supermarket. it rolled everything together. it's one-stop shopping, and that mold has been called into question, not least by the architect of this model, sandy wiel, saying we should break up the big banks. gwen, i think it tells us more about the end of the era of kind of this force conglomeration of bank where's bigger is naturally better. you have seen, obviously, too big to fail banks become too bigger to fail, such as j.p.morgan, or wells fargo which bought wachovia. but there are others who find they can't hit their stride with the asset they say accummed a decade ago. >> ifill: what we're watching happening at citigroup. does that make them an outlier or a sign of things to come? >> i think
and safety to the environment to taxation. in alec task forces, elected state officials and corporate representatives close the doors to press and public, and together approve the bills that will be sent out to america. but americans have no idea they come from alec, unless someone like a mark pocan exposes it. >> when i went down to new orleans, to the alec convention last august, i remember going to a workshop and hearing a little bit about a bill they did in florida and some other states. and there was a proposal to provide special-needs scholarships. and lo and behold all of a sudden i come back to wisconsin, and what gets introduced? get ready. i know you're going to have a shocked look on your face. a bill to do just that. >> 26 alec members in the wisconsin legislature sponsored that special-needs bill, but the real sponsor was alec. pocan knew because the bill bore a striking resemblance to alec's model. have a look. but pocan isn't only concerned that alec sneaks bills into the state legislature. the intent behind the bills troubles him too. >> some of their legislation sound
Search Results 0 to 2 of about 3

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